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Microsoft to buy Mojang for $2.5 billion

Microsoft Corp., maker of the Xbox
video-game console, agreed to acquire Mojang AB, the software company behind
the popular game Minecraft, for $2.5 billion, in a bid to boost its Xbox and
mobile businesses.

Microsoft, the world’s largest
software maker, said Mojang will join its game studio division, though the
company’s founders will move on to other projects. The purchase is projected to
be completed late this year, and will break even in fiscal 2015, the company
said today in a statement.